Nasdaq Stockholm welcomes M.O.B.A Network to the Nasdaq First North Growth Market
Stockholm, December 12, 2019 – Nasdaq (Nasdaq: NDAQ) announces that the trading in M.O.B.A Network AB’s shares (short name: MOBA) will commence today on the Nasdaq First North Growth Market in Stockholm. M.O.B.A Network belongs to the technology sector and is the 60th company to be admitted to trading on Nasdaq’s Nordic markets* in 2019.
M.O.B.A Network owns and operates several of the world’s largest esport communities, including Mobafire.com (League of Legends) and Dotafire.com (Dota 2). The company’s communities allow core esport fans to craft gaming strategies and share ideas with other passionate players. M.O.B.A Network was founded in 2018 and is headquartered in Stockholm, Sweden.
"I am thrilled to reach this milestone today and would like to thank Nasdaq for a great process getting here. A warm welcome to our new shareholders and thank you to our early investors, advisors, the team and the Board for their support,” said Björn Mannerqvist, CEO of M.O.B.A Network. “As gaming grows and becomes more mainstream each and every day, it feels exciting to be a part of the ecosystem where millions of people spend their time on our platform to share gaming knowledge with others. We list at a time where we have tremendous growth momentum and see many opportunities ahead, being connected to the Nasdaq brand will help us on our way to realize those opportunities."
”We welcome M.O.B.A Network to the Nasdaq First North Growth Market,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “M.O.B.A Network will make a compelling addition to our technology sector, and we look forward to supporting the team with the visibility that a Nasdaq First North Growth Market listing brings."
M.O.B.A Network AB has appointed Eminova Fondkommission AB as the Certified Adviser.
*Main markets and the Nasdaq First North Growth Market at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
About Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, as defined by the Directive on Markets in Financial Instruments (EU 2014/65). It does not have the legal status as an EU-regulated market. Listed companies are subject to the rules of Nasdaq First North Growth Market and not the legal requirements for admission to trading on a regulated market, such as the Nasdaq Nordic Main Market. The risk in such an investment may be higher than on the main market.
The Premier segment within Nasdaq First North Growth Market is designed to further assist companies in raising investor visibility and to prepare them for a Main Market listing. The Premier segment targets companies that make a conscious decision to comply with higher disclosure and accounting standards than imposed under the Nasdaq First North Growth Market rules.
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